Home ECB’s De Guindos: UK could enter a large recession in case of a disorderly Brexit

ECB’s De Guindos: UK could enter a large recession in case of a disorderly Brexit

Updated: 29 Nov. 2018 | 13:17

ECB vice-president, Luis De Guindos crossed the wires in the last hour and said that Italy is clearly underperforming Euro-zone in growth.

Key quotes:

“¢ Expects Italy and Commission to reach agreement on the budget.
“¢ In case of a disorderly Brexit, UK could enter a large recession.
“¢ Believes Euro-zone banks are well prepared for disorderly Brexit.

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